Ardian, a privately held investment firm founded in 1996, today announced that its latest fundraising closed with $10 billion subscribed by investors from around the world. Of this $10 billion, $9 was raised through Ardian's sixth generation secondary market platform, dedicated to buyout and expansion deals with co-investment rights, and 1 through primary commitments.
Since the start of 2014 Ardian has committed more than $2 billion through three secondary market deals. Among them, Ardian acquired buyout and growth portfolios from a leading financial institution for approximately USD 600 million, was also selected by Temasek to provide independent valuations and manage the new co-investment platform that brings together 36 private equity funds.
